Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by Lake Street Advisors Group LLC

Lake Street Advisors Group LLC lowered its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 1.7% during the fourth quarter, Holdings Channel.com reports. The fund owned 10,972 shares of the company’s stock after selling 195 shares during the quarter. Lake Street Advisors Group LLC’s holdings in Mondelez International were worth $661,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Czech National Bank grew its holdings in shares of Mondelez International by 6.5% during the 4th quarter. Czech National Bank now owns 289,931 shares of the company’s stock worth $17,318,000 after purchasing an additional 17,815 shares during the period. Buckingham Capital Management Inc. lifted its holdings in shares of Mondelez International by 25.5% during the 4th quarter. Buckingham Capital Management Inc. now owns 93,394 shares of the company’s stock valued at $5,578,000 after acquiring an additional 18,961 shares in the last quarter. Legacy Private Trust Co. boosted its position in Mondelez International by 33.2% during the 4th quarter. Legacy Private Trust Co. now owns 3,841 shares of the company’s stock worth $229,000 after purchasing an additional 957 shares during the period. Kennedy Investment Group acquired a new stake in Mondelez International in the 4th quarter valued at $313,000. Finally, Rhumbline Advisers raised its position in Mondelez International by 1.4% in the fourth quarter. Rhumbline Advisers now owns 2,742,126 shares of the company’s stock valued at $163,787,000 after purchasing an additional 37,897 shares during the period. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Trading Up 0.8 %

NASDAQ MDLZ opened at $63.98 on Friday. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 0.58. Mondelez International, Inc. has a 1-year low of $53.95 and a 1-year high of $76.06. The firm’s fifty day simple moving average is $59.31 and its 200-day simple moving average is $65.78. The company has a market capitalization of $82.76 billion, a PE ratio of 18.71, a price-to-earnings-growth ratio of 4.34 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.01). Mondelez International had a return on equity of 16.75% and a net margin of 12.68%. As a group, sell-side analysts anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International announced that its board has initiated a stock repurchase plan on Wednesday, December 11th that allows the company to repurchase $9.00 billion in shares. This repurchase authorization allows the company to reacquire up to 10.7% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its shares are undervalued.

Mondelez International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 31st will be given a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 2.94%. The ex-dividend date is Monday, March 31st. Mondelez International’s dividend payout ratio is 54.97%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Stifel Nicolaus decreased their target price on Mondelez International from $82.00 to $70.00 and set a “buy” rating for the company in a research report on Friday, January 24th. Jefferies Financial Group lowered shares of Mondelez International from a “buy” rating to a “hold” rating and dropped their price objective for the company from $75.00 to $62.00 in a research note on Tuesday, January 21st. DZ Bank cut shares of Mondelez International from a “hold” rating to a “sell” rating and set a $52.00 target price on the stock. in a research report on Friday, February 7th. Citigroup cut their target price on Mondelez International from $78.00 to $71.00 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. Finally, Royal Bank of Canada decreased their price target on Mondelez International from $75.00 to $69.00 and set an “outperform” rating for the company in a research note on Thursday, February 6th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, Mondelez International has an average rating of “Moderate Buy” and an average target price of $69.74.

About Mondelez International

Mondelez International, Inc, through its subsidiaries, manufactures, markets, and sells snack food and beverage products in the Latin America, North America, Asia, the Middle East, Africa, and Europe. It provides biscuits and baked snacks, including cookies, crackers, salted snacks, snack bars, and cakes and pastries; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products.